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MSTR

MSTR, SHORT 590, LONG 2300, END 1260So, I normally wouldn't share this idea, but also it is exactly something I would share with you. There must be someone else out there equally as dumb as me. Makes us overconfident. How overconfident? Well, chart shows what I'm seeing and just enough to try it. Crazy right. BUT ALSO, not unheard of for BTC starting a some bullish movement (big), and not unheard of for MSTR to swing from 1400 to 500 and then back up again within a limited amount of time. Especially now that they are basically just bitcoin rather than much of a company it seems. But does it really matter should btc hit 1 million. Probably not. way OTM going to ITM on MSTR after such a big bullish movement might be the deal of a lifetime if you can manage that kind of trade into an ultra low chance of success. Is it really a yolo if people don't call you dumb for thinking about it, suggesting it, and then ultimately trying it, making a ton and losing it all on something stupid. Haha, I love the market. Good luck everyone!
NASDAQ:MSTR
by nicktussing77
MSTR Short Sellers Face $2 Billion Hit Amid Crypto Volatility MicroStrategy Inc. (NASDAQ: NASDAQ:MSTR ) has become a focal point of attention in the financial markets as short sellers grapple with staggering losses amounting to $1.92 billion since March. The company's foray into cryptocurrency and its recent surge in value have triggered a wave of short covering, marking the highest short losses since March. Amidst the volatility in crypto markets, MicroStrategy's stock ( NASDAQ:MSTR ) has been a magnet for short sellers, who utilize the short-selling approach to bet on potential declines in financial instruments. Despite their efforts, the company's relentless rise, fueled by its significant investments in Bitcoin and other digital assets, has caught many off guard. According to data from S3 Partners, MicroStrategy's short sellers have incurred massive losses, highlighting the impact of its bullish run that has outpaced even Bitcoin's performance. The recent approval of spot Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) further propelled MicroStrategy's ascent, bringing cryptocurrency closer to mainstream acceptance. Short selling, a strategy used by traders to profit from declining asset values, has become increasingly risky in the face of MicroStrategy's upward trajectory. The company's resilience in the face of market skepticism underscores the challenges faced by short sellers attempting to capitalize on price declines. In the cryptocurrency sector, short sellers face heightened risks due to the industry's inherent volatility and susceptibility to sudden price swings. With MicroStrategy leading the pack, other companies like Coinbase and Cleanspark Inc. have also emerged as targets for short sellers, amplifying concerns of potential squeezes. The surge in short interest reflects a cautious sentiment among investors, as short sellers remain skeptical or strategically hedge their positions amidst market uncertainty. The industry's total short interest has surged significantly, indicating a growing divergence in market sentiment and heightened speculative activity. As MicroStrategy ( NASDAQ:MSTR ) continues to defy market expectations and drive substantial losses for short sellers, the dynamics of the crypto market remain fluid. The company's strategic investments in cryptocurrency and its bullish outlook have reshaped the landscape of digital asset investing, leaving short sellers grappling with unprecedented challenges. Technical Outlook MicroStrategy ( NASDAQ:MSTR ) stock is up by 8.67% and is trading above the 200-day Moving Average with a bullish Relative Strength Index (RSI) of 53.33 indicating no overbought nor oversold condition for the stock.
NASDAQ:MSTRLong
by DEXWireNews
Insider Sell-off Sends MicroStrategy (MSTR) Stock TumblingMicroStrategy Inc (NASDAQ: NASDAQ:MSTR ) recently experienced a significant downturn in its stock price, plummeting by 6% following news of insider sell-offs. Michael Saylor, the Executive Chairman and 10% Owner of MicroStrategy, sold 1,140 shares at an average price of $1,951.33 per share, totaling over $2.2 million. This sale is part of a broader trend, with insiders offloading a substantial number of shares over the past year. As investors grapple with this development, it's crucial to analyze the implications for NASDAQ:MSTR 's future prospects and investor sentiment. Insider Sell-off and Market Reaction: The insider sell-off, particularly by key figures like Michael Saylor, has triggered concerns among investors. The lack of insider purchases over the past year, coupled with numerous insider sells, paints a worrisome picture. On the day of the sale, NASDAQ:MSTR shares were trading at $1,951.33, contributing to a market capitalization of $28.923 billion. However, the sell-off has raised questions about the company's valuation and its long-term growth prospects. Overvaluation Concerns and Analyst Ratings: MicroStrategy ( NASDAQ:MSTR ) may be significantly overvalued. Analysts have voiced mixed opinions on the stock, with some maintaining buy ratings while others have lowered their target prices. The consensus among analysts underscores the uncertainty surrounding NASDAQ:MSTR 's future trajectory and underscores the importance of thorough due diligence for investors. Institutional Investors' Stance: Institutional investors and hedge funds have also made moves in response to recent developments. While some have increased their stakes in MicroStrategy, others have reduced their positions or remained cautious. These actions reflect the diverse perspectives within the investor community regarding the company's outlook and its ability to deliver sustained value in the highly competitive software market. Conclusion: The insider sell-off at MicroStrategy has undoubtedly rattled investors and cast a shadow over the company's near-term prospects. With valuation concerns, mixed analyst ratings, and varying reactions from institutional investors, navigating MSTR's stock requires careful consideration of both risks and opportunities. As the company continues to navigate the evolving landscape of enterprise analytics and mobility software, investors must remain vigilant and stay informed to make sound investment decisions.
NASDAQ:MSTRShort
by DEXWireNews
MSTR MicroStrategy Incorporated Fair Value | Potential Sell-OffAchieving a scenario where MSTR trades at parity with its Bitcoin reserves would necessitate a remarkable surge in BTC price to $157,000, marking a staggering 130% increase from current levels! At today's BTC price, MSTR's ideal settlement range would hover around $775-$800, representing its fair value! Adding a slight premium, my adjusted price target for MSTR would be $960! The growing popularity of Bitcoin ETFs presents a challenge to MSTR's relevance, making it useless to hold MSTR at such a high premium to its BTC holdings! It's worth noting that CEO Michael Saylor sold 1,508 shares of the company on March 14, 2024.
NASDAQ:MSTRShort
by TopgOptions
MicroStrategy Slumps 11% As Kerrisdale Capital Shorts The StockMicroStrategy ( NASDAQ:MSTR ) finds itself in the crosshairs of investment firm Kerrisdale Capital, as the latter takes a bearish stance on the software company's stock. Kerrisdale's decision to short-sell NASDAQ:MSTR stems from concerns over the inflated valuation driven by its heavy investment in Bitcoin. As MicroStrategy's shares plummet by 11% in response, investors are left to ponder the implications of Kerrisdale's bold move. Kerrisdale's Short Position: On March 28, 2024, Kerrisdale Capital publicly announced its short position on MicroStrategy ( NASDAQ:MSTR ), citing an unjustifiable premium in NASDAQ:MSTR shares compared to the spot price of Bitcoin. The firm argues that MicroStrategy's valuation, heavily influenced by its Bitcoin holdings, has soared to unsustainable levels, with the implied Bitcoin price in NASDAQ:MSTR shares surpassing $177,000. Risky Business: While MicroStrategy's strategic pivot towards Bitcoin initially garnered attention as a unique way to gain exposure to the cryptocurrency, Kerrisdale Capital believes that the current premium attached to NASDAQ:MSTR shares is unwarranted. With Bitcoin readily accessible through various channels, including brokerages and crypto exchanges, the rationale for paying a hefty premium for the same asset diminishes. Market Dynamics: Kerrisdale's short position on MicroStrategy ( NASDAQ:MSTR ) reflects a broader sentiment in the crypto stock market, where total short interest amounts to $10.7 billion. MicroStrategy ( NASDAQ:MSTR ) and Coinbase ( NASDAQ:COIN ) lead the pack, commanding 84% of the bearish bets. Despite MicroStrategy's recent surge, fueled by a 155% increase year-to-date, short sellers remain undeterred, anticipating potential market corrections. Challenges Ahead: MicroStrategy's bullish run has posed challenges for short sellers, with the company's outlook threatening significant paper losses for those betting against it. However, Kerrisdale's decision to short NASDAQ:MSTR underscores lingering doubts about the sustainability of its Bitcoin-centric strategy and the premium embedded in its shares.
NASDAQ:MSTRShort
by DEXWireNews
3
MSTR Explained (Reverse Repo Of Bitcoin) 30k+ Target A lot of people are critizing MSTR & Michael Saylor for his Bitcoin activity and it needs to be cleared up on how serious this is for MSTR. If Bitcoin continues on its trajectory, MSTR will be in the top 10 companies by market cap in the SP500. 1. Spot ETF's cannot be added to SP500 Index funds. 2. Spot ETF's cannot be levered on the base price. 3. MSTR shortly will be in the SP500 index funds meaning global allocation to the standard funds will be buying up MSTR shares that MSTR in return will be using to buy Bitcoin and apply low corporate leverage debt. SP500 Index Fund > MSTR > Debt/Bitcoin > Bitcoin scarcity increased > Spot ETF rises, increasing the MSTR total value. Large funds can park money with MSTR that MSTR then uses extremely low corporate leverage to accumulate more Bitcoin per capital invested that they then hold and adjust shares accordingly / buy back shares. At the end of this bull market Michael Saylor can also make a decision to get debt against a portion of his Bitcoin in the company balance sheet and use his operating income / to fund and secure the debt. Spot ETF's are extremely important including Futures. MSTR? also very important in what he is doing. MSTR is not a Spot ETF it's a company with a structure to generate returns like Berkshire Hathaway, there is risk involved but Saylor has taken a route that gives MSTR a strong resilience to bear markets and stronger upside to bull markets. This might have not worked if there was too much Bitcoin supply to purchase meaning Spot ETF's out weigh MSTR. But MSTR has more than enough for what it needs to become one of the largest investment company in the world. MSTR on this trajectory is worth north of $20,000 per share.
NASDAQ:MSTRLong
by FederalXBT
15
MSTR has more rocket fuel LONGMSTR recently bought up a lot more coins. News that an insider sold $7 M in shares while interesting is quite meaningless. He still has $150M plus. MSTR is riding a " Bollinger Band march" on the upper band. This is a huge surge. I was happy to catch a buy today at $1575 off a low-ball limit order that somehow got filled. All things crypto has a great day. It was a Magic Monday for sure. I will sell some on Thursday mid-day and buy more next Monday. I know all the contrary ideas- Reckless abandonment. Poor risk management. The answer my initial capital into MSTR has been long returned to the account ( then spent getting larger in semiconductors); this is all profit being compounded. If there is some risk it is all accepted. the entire position has a trailing stop loss of !0% - no problem seen. Risk on. BTBT RIOT are running in the shadows and the positions are not half bad. BTUSD and ETHUSD on forex with 100:1 leverage are carrying their own weight.
NASDAQ:MSTRLong
by AwesomeAvani
RIOT retraced and could reverse but BTC is falling SHORTOn the 15-minute chart- RIOT uptrended and then retraced. It is now supported by the standard Fibonacci retracement zone and UNDER the intermediate term mean anchored VWAP. On the RSI indicator, the signals are UNDER the 50 level another suggestion of direction being forecasted. In the meanwhile BTCUSD is trending down. while RIOT is not trading. I will watch RIOT after the open on Monday fully expecting it will fall into the lower VWAP bands but there could be a surprise if BTCUSD reverses over the weekend.
NASDAQ:RIOT
by AwesomeAvani
MicroStrategy Owns About 1% of Bitcoin’s Total SupplyMicroStrategy ( NASDAQ:MSTR ), under the leadership of CEO Michael Saylor, has made waves yet again in the cryptocurrency market with its latest strategic move. The company has solidified its position as a major player in the Bitcoin space by acquiring an additional 9,245 Bitcoins, bringing its total holdings to a staggering 214,246 Bitcoins. With this acquisition, MicroStrategy ( NASDAQ:MSTR ) now possesses over 1% of the entire Bitcoin market supply. The decision to invest heavily in Bitcoin is a testament to MicroStrategy's ( NASDAQ:MSTR ) unwavering confidence in the long-term value and potential of the leading cryptocurrency. Despite recent market fluctuations, MicroStrategy has continued to double down on its Bitcoin holdings, demonstrating its commitment to diversifying its assets and hedging against fiat currency depreciation. The funding for this significant purchase was secured through a combination of sources, including a substantial convertible debt offering totaling $592.3 million and allocation from surplus cash reserves. This bold move underscores MicroStrategy's proactive approach to capital allocation and its willingness to leverage debt to capitalize on strategic investment opportunities. However, the announcement of MicroStrategy's latest Bitcoin acquisition was met with mixed reactions from investors. Despite the company's bullish outlook on Bitcoin, MicroStrategy's stock experienced a 13% decline following the news, coinciding with a downturn in Bitcoin's price. This reaction highlights the inherent volatility and risk associated with cryptocurrency investments, despite their potential for substantial returns. Looking ahead, MicroStrategy ( NASDAQ:MSTR ) has outlined its plan to repay its borrowed funds in a unique manner, offering investors the option to swap cash loans for MicroStrategy shares. This innovative approach to debt repayment reflects MicroStrategy's commitment to shareholder value and its confidence in the company's long-term growth prospects. As MicroStrategy ( NASDAQ:MSTR ) continues to navigate the evolving cryptocurrency landscape, its bold Bitcoin investments serve as a testament to its visionary leadership and strategic foresight. With its substantial Bitcoin holdings and innovative approach to capital management, MicroStrategy is poised to remain a dominant force in the digital asset space for years to come. By seizing opportunities in the volatile yet promising world of cryptocurrencies, MicroStrategy is setting a precedent for corporate adoption of digital assets and paving the way for a new era of financial innovation and opportunity.
NASDAQ:MSTR
by DEXWireNews
Bubble theory 🫧 BTC minersThere are two type of bubbles and they burst for different reasons? A bubble is when too many people hold something and what has driven prices up, now as a force works against them. There's a saying. Buy things when everyone is a skeptic. Sell when a taxi driver starts talking about investing. There are no more buyers left on top. First bubble is when volume dries up as the price hits extremes. Second is when peoples attitudes or sentiment, or opinions change to bearish. And that can happen over night, like a switch. It's interesting and finance is a social science. Some bubbles can burst due to external events, like start of wars or some financial crisis. There can be strong bull markets and most of times, these external events would just be noise? > Was btc miners in bubble? And what type of bubble? I think Yes and No? Whenever there's a risk free trade, supported by factors a bubble emerges? The price of Mara was rallying hard, trend was strong. You could argue people got over optimistic, knowing the ETF decision was a risk event. -> therefor (the burst) was sentiment driven. But also predictable? Bubble is when too many people hold asset and there re no buyers left. Similar how a taxi driver is hype about investing. Technical analysis gives you perspective and context. In 1st instance, impulse was too high and volume indicates crowding? It's tricky because it looks so bullish. In 2nd instance, impulse was too low. Price action looked bullish? bubbles happen when too many people hold the shares and expect them to rise. If 1st instance was sentiment switch driven, then 2nd time, the bubble must burst due to exhaustion (or no people left to buy... at these prices.. similar how taxi driver hops in the trade at the wrong time). Factors and thesis can be bullish - and bubble still bursts. Is NVDA and SMCI a bubble? I think there is difference between NVDA, SMCI investors and their time horizon? It could be. I think people believe their investment is supported by the tech drivers. Every dip should be bought out by smart investors and these are the best assets to own in next 5-10 years. It doesnt mean there cant be external events and risks. again- bubble is when too many people are in investment. So bubble can burst either by them changing their sentiment or beliefs (maybe fundamentals must change?). Or if price is just so ridiculously high or there is no money left at sidelines, that trend can't be sustainable. When markets rally - everyone only reads good news and ignores bad news. And vice versa. #HowardMarks #MarketCycle ---> The Risk-Reward buying at these tops just isn't great. That's why they burst. Accompanied by sentiment risks, that hide behind the hood.
NASDAQ:MARAEducation
by citsvar
2
MicroStrategy's $800 Mil Notes Offering Fuels BTC AcquisitionMicroStrategy Incorporated (NASDAQ: NASDAQ:MSTR ) has once again made waves in the financial world with its recent completion of an $800 million offering of 0.625% convertible senior notes due 2030. The move, which saw significant interest from qualified institutional buyers, marks a strategic play by the company to bolster its Bitcoin acquisition strategy and further solidify its position as a pioneer in the cryptocurrency space. The offering, completed on March 8, 2024, garnered widespread attention as MicroStrategy ( NASDAQ:MSTR ) signaled its commitment to expanding its Bitcoin holdings. The notes, which are unsecured senior obligations of the company, offer investors an opportunity to participate in MicroStrategy's ( NASDAQ:MSTR ) ambitious vision of utilizing Bitcoin as its primary treasury reserve asset. With a nominal interest rate of 0.625% per annum, payable semi-annually, and a maturity date set for March 15, 2030, the notes provide investors with a unique avenue to engage with MicroStrategy's ( NASDAQ:MSTR ) long-term growth trajectory. Additionally, the convertible nature of the notes allows holders the flexibility to convert them into cash, shares of MicroStrategy's class A common stock, or a combination of both, at the company's discretion. What sets this offering apart is MicroStrategy's ( NASDAQ:MSTR ) explicit intention to utilize the net proceeds from the sale of the notes to acquire additional Bitcoin. This strategic maneuver underscores MicroStrategy's unwavering confidence in Bitcoin as a store of value and highlights its proactive approach to capitalizing on the burgeoning cryptocurrency market. MicroStrategy's CEO, Michael Saylor, has been vocal about the company's Bitcoin-centric strategy, viewing the cryptocurrency as a hedge against inflation and a long-term store of wealth. By leveraging its operating structure and cashflows, MicroStrategy ( NASDAQ:MSTR ) has amassed a substantial Bitcoin reserve, positioning itself as a trailblazer in corporate Bitcoin adoption. The timing of the notes offering coincides with MicroStrategy's ( NASDAQ:MSTR ) ongoing efforts to enhance its position in the cryptocurrency market amidst increasing competition and regulatory scrutiny. With the conversion rate set at a premium over the current market price of MicroStrategy's class A common stock, investors stand to benefit from potential upside opportunities as the company's Bitcoin holdings appreciate in value. However, the move is not without its risks. The volatile nature of the cryptocurrency market coupled with regulatory uncertainties presents inherent challenges for MicroStrategy ( NASDAQ:MSTR ). Moreover, the company's heavy reliance on Bitcoin as its primary treasury reserve asset exposes it to fluctuations in the cryptocurrency's price, which could impact its financial stability in the long run. Nevertheless, MicroStrategy (MSTR) remains undeterred in its pursuit of pioneering Bitcoin adoption among corporations and institutional investors. Through its strategic initiatives and relentless focus on technology innovation, MicroStrategy ( NASDAQ:MSTR ) aims to redefine the traditional financial landscape and usher in a new era of digital asset management. Technical Analysis NASDAQ:MSTR is trading above its 200-day Moving Average. With a Relative Strength Index (RSI) of 74, NASDAQ:MSTR has seen an increase of 9.66% in Premarket Trading on Monday morning. As MicroStrategy ( NASDAQ:MSTR ) continues to chart new territory in the cryptocurrency space, its $800 million notes offering serves as a testament to its unwavering commitment to Bitcoin and its vision of Intelligence Everywhere. In a world where digital assets are reshaping the future of finance, MicroStrategy ( NASDAQ:MSTR ) stands at the forefront of innovation, poised to shape the course of history with its bold and visionary approach.
NASDAQ:MSTRLong
by DEXWireNews
2
MSTR slammed earnings beyond the parking lot LONGMSTR while Bitcoin and the whole ETF thing has caused crypto momentum had a good 4QTR23 and 8Xed the analyst's earnings estimates two days ago. The momentum is expanding as market volume is accelerating. Late afternoon the zero lag MACD showed some recyling as some early traders took cash off the table. To emphasize however, there is no sign of bearish divergence on the RSI. This has gained 25% in 3 days. Anyone into the prices needed to acquire options contracts could consider looking for an option using their own typical selection criteria. There are others who as price is overextended and it will fade. They say the same thing about NVDA. For me, I will take a trade here even if the continuation is short lived. At the end of the day, Bitcoin could go to MIL:1M per each as some of those with crystal balls forecast. See also small cap miners BTBT BTCS Cleanspark HUT and some middle caps in RIOT and MARA. It's a buyers' market right now but only if you do not chase. Look on a low time frame for an oversold undervalued intraday moment and take your trade !
NASDAQ:MSTRLong
by AwesomeAvani
1
MSTR oversold for a long tradeMSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line that has no slope. Support and resistance horizontal zones are drawn in for reference purposes. I will close my short position of the past day and switch sides here. The RSI indicator gives reassurance as it has pivoted up from the bottom, especially the faster green line. Selling volatility declared the bottom in the immediate term at the same time the relative volume indicator printed a selling volume spiking black bar both immediately before the regular market closed.
NASDAQ:MSTRLong
by AwesomeAvani
MicroStrategy Announces Proposed Private Offering of $600 MilMicroStrategy® Incorporated (NASDAQ: NASDAQ:MSTR ) has announced its intention to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering. This strategic move underscores MicroStrategy's ( NASDAQ:MSTR ) commitment to expanding its Bitcoin holdings and pursuing innovative technology initiatives. Empowering Bitcoin Acquisition: MicroStrategy's ( NASDAQ:MSTR ) proposed private offering of convertible senior notes reflects its steadfast focus on accumulating additional Bitcoin holdings. The net proceeds from the sale of the notes will be utilized to acquire more Bitcoin, further solidifying MicroStrategy's ( NASDAQ:MSTR ) position as a prominent player in the cryptocurrency space. By leveraging its financial resources, MicroStrategy ( NASDAQ:MSTR ) aims to bolster its Bitcoin treasury reserve asset, aligning with its vision of becoming a leading Bitcoin development company. Strategic Investment and Corporate Growth: In addition to fueling Bitcoin acquisition, the proceeds from the notes offering will support MicroStrategy's ( NASDAQ:MSTR ) general corporate purposes. This includes funding technology innovation initiatives, advocacy efforts, and the development of AI-powered enterprise analytics software. MicroStrategy's ( NASDAQ:MSTR ) multi-faceted approach encompasses both its core focus on Bitcoin accumulation and its commitment to advancing technology innovation, positioning the company for sustained growth and value creation. Navigating Regulatory Landscape and Market Dynamics: MicroStrategy's ( NASDAQ:MSTR ) decision to pursue a private offering of convertible senior notes underscores its agility in navigating evolving regulatory landscapes and market dynamics. As the cryptocurrency industry continues to evolve, MicroStrategy ( NASDAQ:MSTR ) remains proactive in its strategic initiatives, leveraging its operational structure and financial flexibility to capitalize on emerging opportunities and mitigate potential risks. Conclusion: MicroStrategy's ( NASDAQ:MSTR ) proposed offering of $600 million convertible senior notes represents a strategic milestone in the company's journey towards enhancing its Bitcoin holdings and advancing its technology innovation agenda. With a steadfast commitment to Bitcoin accumulation, coupled with its expertise in enterprise analytics software, MicroStrategy ( NASDAQ:MSTR ) is well-positioned to drive value creation and innovation in the cryptocurrency ecosystem.
NASDAQ:MSTRLong
by DEXWireNews
4
$MSTR Momentum IndicatorNASDAQ:MSTR Momentum Indicator had a buy signal on 2/8/24 A momentum indicator is a technical analysis tool used to measure the rate at which the price of a security is changing. It compares the current price of an asset to its historical prices over a specific period to determine the strength or weakness of the trend. Momentum indicators are typically represented as oscillators or line charts, with values fluctuating above and below a central line or between predefined levels. Traders use momentum indicators to identify potential trend reversals, confirm the strength of an existing trend, or generate buy and sell signals. Popular momentum indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator.
NASDAQ:MSTR
by AlgoTradeAlert
MSTR on Path to be in the top 20. Ranked 473. Congratulations on MSTR and Michael Saylor pushing MSTR into the top 500 US companies. This is a major event for Bitcoin as this puts MSTR in S&P 500 indexes meaning global capital will automatically allocate to MSTR that will then use funds to purchase more Bitcoin pushing the MSTR price up. Using corporate debt and smart leverage. MSTR & Spot ETF's will be the main factors to how Bitcoin makes it's way to $1,000,000 Bitcoin will be over a 10 Trillion market cap and the MSTR price will trade over $25,000. Full transparency I have rotated my miners into MSTR & BITO calls. For now nothing is going to beat the MSTR & BITO Gamma offered till the end of the cycle. Miners will be a great pickup during the bear market. MSTR is now the Berkshire Hathaway of Bitcoin.
INDEX:BTCUSD
by FederalXBT
4
MICROSTRATEGY Top of the Channel. Time for a shortterm pullback?MicroStrategy Inc. (MSTR) has been trading inside a logarithmic Channel Up on the 1D time-frame since the December 30 2022 bottom. The price is currently at the very top (Higher Highs trend-line) of the pattern and that is a technical bearish signal on its own. It gets increasingly relevant though if we consider the 1D RSI which is overbought and at its highest level since November 13 2023 and more importantly, the remarkable symmetry among the phases of the Channel Up. As you ca see the price action from the October 04 2023 Higher Low until today is very similar with the price action from the December 30 2022 bottom until (so far) the April 14 2023 High. Both started on a +136.17% rise then -40% correction and a Channel Up rebound for a new Higher High. The symmetry is evident among the 1D RSI sequences as well. If this continues to hold, we should be expecting a -22.88% pull-back followed by a +77.48% rally that will break above the long-term Channel Up, which would inevitably do at some point since the stock price is so positively correlated to Bitcoin's price. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:MSTR
by TradingShot
2
Bitcoin approaching $60,000. Getting closer to All-Time High!Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves. 1. Direct purchase of crypto from crypto exchange like Coinbase 2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR 3. Invest in LEAPS options on the same stocks (powerful strategy) 4. Invest in ETFs associated with BTC. Examples include $ARKN, NASDAQ:IBIT , AMEX:HODL , AMEX:FBTC , AMEX:BITB 5. Invest in Bitcoin futures Expect all of these to move up as BTC approaches $60,000
COINBASE:BTCUSDLong
by PortfolioBuildersClub